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Find similar grantsRevolving loan fund with no application deadline; applications accepted on an ongoing basis.
Colorado Nonprofit Bridge Loan Fund is sponsored by First Southwest Bank, The Denver Foundation, Colorado Gives Foundation, The Colorado Trust, Boettcher Foundation, Gates Family Foundation, First Southwest Community Fund. This opportunity supports mission-aligned projects and measurable outcomes.
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Colorado Nonprofit Bridge Loan Fund | First Southwest Bank Download Acrobat Reader 5. 0 or higher to view . pdf files.
What can we help you find? Colorado Nonprofit Bridge Loan Fund The Colorado Nonprofit Bridge Loan Fund provides the short-term capital nonprofits need to maintain services while waiting for government reimbursements. Nonprofits across Colorado are delivering essential services, often under government contracts or grants.
These contracts and grants are reliable in the long term, but payment delays can threaten the continuity of services. The Colorado Nonprofit Bridge Loan Fund fills this gap by providing short-term, low-cost loans. " As a Bridge Loan customer, diving into this experience with Charlene and her team was incredibly well supported and guided.
The process was easy and time sensitive and took a lot of stress out of something that has traditionally been more difficult. Having this financial support to bridge our needs has given us the opportunity to keep offering our valuable services for Veterans and their families and not miss a beat. Thank you all for this valuable option.
" –Corinna Kromer, Executive Director, Healing Warriors Program Any Colorado-based nonprofit with a federal, state or local executed grant agreement or government contract receivable is eligible for this fund No restrictions on nonprofit type, issue area, geographic region, or sector Max loan amount: $250,000 6-month term with option for 6-month renewal To apply, contact Charlene Thomas charlene. thomas@fswb.
com or 970-422-5060 All loans are subject to credit approval . The Colorado Nonprofit Bridge Loan Fund is supported by The Denver Foundation , Colorado Gives Foundation , The Colorado Trust , the Boettcher Foundation, the Gates Family Foundation , First Southwest Community Fund and Colorado impact investors. First Southwest Bank administers the fund.
Colorado impact investors: Bonfils-Stanton Foundation , Colorado Housing and Finance Authority (CHFA), The Dakota Foundation , Kenneth King Foundation , Next50 , Randall and Melanie Lindsay-Brisbin, Rose Community Foundation . Q: Who has funded the Colorado Nonprofit Bridge Loan Fund?
A: The Denver Foundation , Colorado Gives Foundation , The Colorado Trust , the Boettcher Foundation, the Gates Family Foundation , First Southwest Community Fund and Colorado impact investors. Q: Before you get to the application, you have to verify your identity. Do you use your personal address or business address?
A: Use your personal address to verify your identity. Q: Will personal information be connected to the loan application, even if it's not used to determine if we are approved for the loan? A: Personal information is needed to enter the application platform.
This ensures an actual person is filling out the application; therefore, you will need to enter your SSN, DOB, and answer security questions. Once in the application, contact information for the organization and authorized signers can be designated but this information will not be used to determine creditworthiness.
The primary purpose of collecting this personal information is to verify the applicant’s identity and protect against fraudulent activity. Rest assured that while these details are required for access and security, they are not factored into the evaluation of your loan application. Q: Is interest due monthly or at maturity?
Q: Do any of the application questions related to people served and type of services affect the loan amount or loan acceptance? Q: Why is this information being requested? A: This information is collected for impact reporting.
Q: What documentation is acceptable for a debt schedule? This is one of the documents requested on the application. A: A template is available in the document tab of the application; this is the preferred form.
Q: Is there a ranking scale for which applications get approved? Q: How many applications will be approved? A: Currently the loan fund is $17 million, so up to $17 million in loans can be approved.
Q: Is there a due date for the cycle of applications? A: No, it is a revolving loan fund, so applications are accepted on an ongoing basis. Q: Is a nonprofit able to apply more than once?
A: Yes, if the Colorado-based nonprofit has more than one approved and current federal, state, or local government grant or contract. Q: If we apply for a loan and we don't use the full amount for any unexpected reason, are we only required to pay back the amount we use, or how would that work? A: You are required to repay the full amount of the loan.
Introduction to the Bridge loan Fund webinar Click to watch webinar recording
According to the current listing, eligibility includes: Colorado-based nonprofit organizations with an executed federal, state, or local government grant agreement or contract receivable. No restrictions on nonprofit type, issue area, geographic region, or sector. Confirm the full requirements in the official notice before applying.
The current listing shows up to $250,000. Verify award ceilings, matching requirements, and allowable costs in the official notice.
Colorado Nonprofit Bridge Loan Fund is funded by First Southwest Bank, The Denver Foundation, Colorado Gives Foundation, The Colorado Trust, Boettcher Foundation, Gates Family Foundation, First Southwest Community Fund. Verify program details on the funder's official page before applying.
This opportunity targets applicants in Colorado. If your organization operates elsewhere, check the official notice for location requirements.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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